supplies. However, more recent work has shown that the option character of bimetallism provided a stabilizing feedback loop … that up until 1874 markets were expecting bimetallism to last. It is only after this date that markets gradually started …

supplies. However, more recent work has shown that the option character of bimetallism provided a stabilizing feedback loop … shows that up until 1874 markets were expecting bimetallism to last. It is only after this date that markets gradually …

supplies. However, more recent work has shown that the option character of bimetallism provided a stabilizing feedback loop … shows that up until 1874 markets were expecting bimetallism to last. It is only after this date that markets gradually …

supplies. However, more recent work has shown that the option character of bimetallism provided a stabilizing feedback loop … shows that up until 1874 markets were expecting bimetallism to last. It is only after this date that markets gradually …

standard. -- Exchange rate regime ; gold standard ; bimetallism ; credibility ; silver risk … supplies. However, more recent work has shown that the option character of bimetallism provided a stabilizing feedback loop … shows that up until 1874 markets were expecting bimetallism to last. It is only after this date that markets gradually …

conventional wisdom concerning the limited credibility of the interwar gold standard. Before 1914, gold standard adherence … effectively signalled credibility and shaved 40 to 60 basis points from country borrowing spreads. In the 1920s, however, simply …

contrast to Fisher (1911) and Friedman (1990), both of whom predict greater price stability under bimetallism, our model …

contrast to Fisher (1911) and Friedman (1990), both of whom predict greater price stability under bimetallism, our model …